Blackstone Group Inc. has acquired technology-driven credit investment firm, DCI which manages $7.5 billion worth of assets, according to a statement on Monday. It will become a part of Blackstone’s $135 billion GSO operation which was renamed Blackstone Credit.
It is the biggest deal by the assets acquired inside the credit firm since its purchase of $10 billion HarbourMaster Capital in 2012, which helped the group to develop its GSO’s footprint in the European leveraged loan market. The acquisition of DCI will allow Blackstone Credit to be known for its prowess in distressed-debt and private-credit markets, and to enter into the world of investment-grade bonds making it much easier for deploying computerized models to determine what to buy and sell. 
Dwight Scott, Head of Blackstone Credit said DCI is known for “applying technology-driven strategies and is at the forefront of the evolution towards quantitative investing in the corporate bond market “.
DCI has developed a niche platform to make investment decisions by user input such as balance-sheet data, leverage, and equity-market performance for developing a risk of the default model. Most of the credit firms rely on analysts to develop investing protocols that rely on various systems while DCI makes it a much clear and easier investment approach to take the decision.